EKI Energy Faces Intense Selling Pressure Amid Significant Price Declines and Losses

EKI Energy Services Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, resulting in a total decline of 6.88%. Today, EKI Energy opened with a gap down of 2%, reaching an intraday low of Rs 98.1.
In terms of performance, EKI Energy has notably underperformed relative to the Sensex. Over the past day, the stock fell by 2.00%, while the Sensex gained 0.49%. Over the past month, EKI Energy's performance has been particularly stark, with a decline of 48.01% compared to the Sensex's increase of 4.10%. Year-to-date, the stock has plummeted by 61.99%, while the Sensex has only dipped by 0.60%.

The stock's performance over three years reveals a staggering decline of 95.43%, contrasting sharply with the Sensex's growth of 35.40%. The current selling pressure may be attributed to various factors, including market sentiment and broader economic conditions affecting the capital goods sector. The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.